Hey BP Community, I am still relatively new to the real estate industry at least in the sales side (have been a leasing agent for over 3 years).

Found lots of properties that might be in need of rehab for a relatively low price which seemed like a good deal to me.

@Jen BreyslerThis post answers your question if you scroll down through comments to my reply:https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

Let’s get to the issues. 

The ac install is a one time issue but the lawnmower is long term.  

But, while capital raising is typically the hardest part and an art in itself, I know many true operators that have far less issue raising capital.  

Taking out a loan for EMD would make it way, way too tempting to look past issues in DD and close no matter what.I'd also be concerned about the ability to close in general if cash is too tight to fund even the EMD.

Cities in the Midwest, Great Lakes, and South are gaining attention for their stable local economies and promising home value growth.Buffalo, New York: A Model of Stability:Topping the list is Buffalo, New York, recognized for the steadiness of its home prices and a recent surge in job opportunities relative to new home constructions.Cincinnati's Rapid Home Sales:Cincinnati stands out for its exceptionally fast home sales, with properties going pending in just five to six days for most of 2023, indicating a high demand in the market.New regions take the lead in the housing market.

As I'm relatively new to the space, any advice about Philly REI, or embarking on my first LTR would be extremely helpful.

Not only were the phone numbers, addresses, and email addresses better, I was getting a much more complete data set showing me DECEASED indicators and ages as well as the names and associates of relatives I could contact.